According to a report by CNBC, Alibaba has announced its intention to leverage JPMorgan's blockchain technology to facilitate tokenized payment transactions in both US dollars and euros. This strategic move aims to enhance the efficiency and security of cross-border payments, allowing Alibaba to streamline its financial operations and potentially reduce transaction costs. By utilizing JPMorgan's innovative blockchain solutions, the company hopes to position itself at the forefront of digital finance and meet the growing demand for modern payment solutions in the global market.
source: https://www.coindesk.com/business/2025/11/15/alibaba-to-use-jpmorgan-s-blockchain-for-tokenized-dollar-and-euro-payments-cnbc